Have you ever thought about applying for a BMG loan online? This famous financial institution works by offering four types of loan that you can take out without leaving home!

Namely, the BMG bank offers its customers the option to apply for a loan from its website, application, phone call and even WhatsApp! Thus, you have several opportunities to access this loan!

In addition, most of the loans offered by the bank have one of the lowest interest rates compared to loans offered by other financial institutions!

Therefore, if you liked what you've seen so far about the BMG loan online, continue with us in this post and learn everything about the credits offered by this bank!

In summary, the BMG bank works by offering 4 types of loans to the public: payroll loans, FGTS loans, guaranteed loans and the classic personal loan.

Find out more about each of the options offered by the bank below!

In the first place, we have the personal loan, which at Banco BMG was made especially for retirees, pensioners and civil servants who do not have the margin to take out a payroll loan.

In this way, this public can resort to the personal loan that the BMG bank offers online.

On the other hand, the payroll loan is a credit option where retired people, civil servants and INSS pensioners can access a differentiated credit.

In summary, the payroll loan is a modality where the value of the installments is automatically deducted from the applicant's salary.

In this way, the bank feels safer when making this loan, since the chances of default are low. Thus, he can offer better credit conditions.

The FGTS loan, on the other hand, is a modality that allows the public to anticipate the amount that they would access in their birthday withdrawal.

In this way, when taking out this loan, you can access today the value of up to 10 installments of your birthday withdrawal that you would withdraw in the future.

So you can use that money to invest in your current projects and purchases! In addition, like the previous option, this modality offers more attractive payment terms.

Finally, we have the secured loan modality, where you offer a good that is in your name as guarantee for the payment of the loan.

Currently, the assets accepted by the BMG bank are vehicles and real estate that must follow the specific characteristics in the criteria of each loan.

But, because it has a payment guarantee, this loan has one of the lowest interest rates of all other types of BMG online credit.

Namely, the online BMG loan works in a very simple way and follows the same steps as any other loan.

Therefore, it all starts with the credit simulation. On the BMG website itself, you can simulate the amount of credit that you can access. Each type of loan has its own simulator.

That way, you just have to simulate the amount of credit and the number of installments you would like to pay to find out how much that cost would be.

So, if the amounts fit your financial life, you can continue applying for the loan. In this way, a BMG consultant will contact you to carry out the credit analysis.

Upon being approved, you just need to sign the loan agreement and wait for the money to fall into your account!

In summary, as the online BMG loan has four different types, we are able to find different credit conditions.

In this way, in the personal loan you can take out a credit to pay in up to 12 months, where you can receive the money in your account within 24 hours.

With the payroll loan, you can access interest of 1.80% per month and pay off the credit within 84 months.

In the FGTS loan, you can access interest from 1.69% per month with credit release within one business day.

Finally, with the secured loan, you can pay it in up to 60 or 240 months and access interest of just 11.2% per year, which is equivalent to 0.93% per month.

In the same way as the loan conditions, the credit limit that you can access online at BMG will depend on the modality. 

Namely, there is only one loan that the BMG bank discloses the credit limit that can be released, which is the FGTS loan. In this option, you can anticipate up to 10 installments of your birthday withdrawal.

In other types of credit, the limit value that you can access will depend on your credit analysis.

So far you have already known several features of the online BMG loan. But is it really worth taking out credit from this bank?

To answer this question, we have separated below the advantages and disadvantages of the online BMG loan.

Starting with the advantages, we can see that this bank can offer many facilities to the public, such as:

As much as the online BMG loan has great positive points, we cannot deny that it also has some disadvantages, such as:

If you like what you've seen so far about the BMG loan online and want to apply for one, know that the process is very simple!

Just access the website, application or WhastApp, perform a simulation and, right after, continue contracting the credit for you!

In the following post you can find more details about how this request happens in practice!